The Internal Control Research Of Chinese Financial Enterprises Refinancing Risk

With the world economy continued to improve, the global financial and economic integration has been further strengthened, each country closer cooperation in finance, and coordinate the development, interaction constraints are also more prominent global financial and economic integration has apparently become the subject of the world’s economic development has become the common trend of development of each country. The Greek government announced in October2009, the2009deficit percentage of GDP will reach12.7percent, rather than the original forecast of6%; debt balance share of GDP will be up to113%, far exceeding the Stability and Growth Pact prescribed ceiling of3%and60%, the Greek government worsening financial situation of the Greek stock market crash, the drag on the euro. In April2010, Standard&Poor’s Greek sovereign rating fell to "junk" status, further escalation of the crisis, in May2010, the EU and the IMF agreed to provide assistance to Greece amounted to1100billion euros, the crisis began slowly getting better. Also occurred in November2010in Ireland, followed by the debt crisis, debt crisis in Portugal in April2011. Not long after Italy and Spain have spread the debt problem, which broke out in the debt crisis in Europe. April26,2012, Standard&Poor’s Spain’s credit rating down two notches, saying that in the case of contraction in the economy and the banking sector in trouble, it is expected that the country’s government budget deficit deterioration than previously expected. S&P credit rating of Spain from A cut to BBB+, outlook will also be rated as negative, adding that Spain, the situation could deteriorate further, further deterioration in the European financial environment, lead to Europe’s economy may be second bottom.European debt crisis, many developed and developing countries suffer from this crisis, people realized the importance of financial risk management and manipulation system. Relevant aspects of the system in terms of financial risk have been developed, but there are many internal control problems should be solved. Further enhance and improve relevant aspects of the system, strengthen financial management has become a top priority of China’s financial sector work.Since China joined the WTO, with the rapid development of financial markets, information technology and financial innovation have been greatly improved, the rapid development of financial innovation in various industries around the world, three financial industry in2011China ranked the world’s top20this also makes refinancing in the financial industry to be frequent. In recent years, due to various reasons, there are a certain number of risky financial companies suffered huge losses, fundamentally speaking, China’s financial management system is not perfect, there are many places there is a big loophole, so the financial management the improvement of the system is particularly important.As a result, the internal risk control has become a financial enterprise is extremely important. Internal risk control is a management policy for the enterprise to achieve business objectives, is the production and operation activities to high-efficiency operation of the guarantee to protect the safety and integrity of the enterprise resource to ensure the accuracy of financial accounting information. reliability, consistency, and improve economic efficiency, promote the implementation of internal organizational planning and a series of coordinated measures and procedures general. The outbreak of financial crisis from the past to the present European debt crisis, underscoring the importance of internal risk control of financial enterprises. Therefore, this article named "The internal control research of Chinese financial enterprises refinancing risk ", focusing on the backdrop of the European debt crisis, China’s financial enterprises should be how to deal with internal risk control problems.Around the basic proposition of this article, it’s divided into five chapters, each chapter’s points are as follows:Chapter1:Introduction. This chapter focuses on the European debt crisis, China’s financial enterprises, financing the research background of internal risk control, the significance of the topic, Home and Abroad, research methods and framework for this innovation and inadequate.Chapter2:Theoretical analysis of Chinese financial enterprises refinancing internal risk control. This chapter first describes the internal control concepts and theories, and then describes the relationship between internal risk control and financial risk of internal control and the refinancing of the relevant theory, once again describes the main features of China’s financial enterprises refinancing and manner, and the last describes China’s financial internal risk control framework.Chapter3:Analysis of the status and problems of internal risk control in Chinese financial enterprises refinancing. This chapter first describes the current situation of China’s financial internal control risk, combined with theoretical knowledge of the previous chapter, data collation and qualitative analysis, analysis of China’s financial enterprises refinancing problems in internal risk control system.Chapter4:Financial enterprises refinancing Comparison and Enlightenment of the internal risk control. This chapter describes some developed countries, the financial internal risk control system and development of the control environment, risk mechanisms, characteristics and advantages of the successful experiences of these countries, financial internal risk control, and summarized on improving China’s financial enterprises revelation of internal risk control system.Chapter5:China’s financial enterprises refinancing internal risk control policy recommendations.The final chapter summing up before the concept and arguments put forward their own international financial enterprise policy recommendations, for our country today’s status quo, set to further improve China’s financial enterprises then finance internal risk control of the principle, China’s financial enterprises, re-financing internal the risk control mechanism and management system has many problems, put forward specific proposals from financial enterprises, organizations, internal risk control system and environmental protection system building.